1340 ÷ 8 = 167 R4
Alright, let's work through the division of 1340 by 8 step by step.

Step 1:
8 goes into 1 0 times with a remainder of 1.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 1 to get 1.
Bring next digit (3) of the dividend behind the 1 and repeat the process: 13 / 8

Step 2:
8 goes into 13 1 times with a remainder of 5.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 8 from 13 to get 5.
Bring next digit (4) of the dividend behind the 5 and repeat the process: 54 / 8

Step 3:
8 goes into 54 6 times with a remainder of 6.
Write down 6 as next digit of of the result. 
Result so far: 16
Subtract 48 from 54 to get 6.
Bring next digit (0) of the dividend behind the 6 and repeat the process: 60 / 8

Step 4:
8 goes into 60 7 times with a remainder of 4.
Write down 7 as next digit of of the result. 
Result so far: 167
Subtract 56 from 60 to get 4.

The final result is 167 with a remainder of 4.